My bankruptcy was discharged this past July. Included in the bK was an account with Circuit City/Chase for $7635. At some point during the process, CC sent my lawyer a letter saying that I would need to pay my balance or turn over the property I had purchased over a ten year period. They listed the current value as $1253. I replied that I would turn over the property, a computer and other items that were really not worth much to anyone, or pay the off the current value. I never heard from them again until after my debts were discharged. There is no record of my discussion with them in my bK papers, and the judge discharged everything. In August I got a bill for $50 showing a balance of $1253. I paid it. My sept bill shows a balance of $1211, so most of the $50 is principle. I have not yet had money to pay it, but received my october bill showing a reduced balance and no mention of a late payment. It does say that the balance my not reflect payments not received.
CC updated my credit report in Sept, showing the original balance of $7625 as charged off as bad debt. No mention of bankruptcy, even after I disputed it as such. The dispute has been investigated, but the status was not changed. I am wondering if I really need to pay this $50 a month. It's a hardship to pay. If it shows as charged off in an updated report, is there a reason that I should pay it? Will it hurt or help my credit rating in anyway?
The account number for the new bill with the current balance is the same as the one on my credit report showing the high balanced as charged off.
Thanks for your thoughts and suggestions!
CC updated my credit report in Sept, showing the original balance of $7625 as charged off as bad debt. No mention of bankruptcy, even after I disputed it as such. The dispute has been investigated, but the status was not changed. I am wondering if I really need to pay this $50 a month. It's a hardship to pay. If it shows as charged off in an updated report, is there a reason that I should pay it? Will it hurt or help my credit rating in anyway?
The account number for the new bill with the current balance is the same as the one on my credit report showing the high balanced as charged off.
Thanks for your thoughts and suggestions!
I'll be watching, you may never know when or how, but I'll be there. I am there now....
Comment